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(ZOMATO) Zomato complete technical analysis [charts+indicators] | Buy/Sell Zomato | (ZOMATO) share price targets

Complete technical analysis of Zomato (ZOMATO) by charts plus indicators, forecast predictions and share price targets for Zomato (ZOMATO)

Showing technical analysis as on 2024-11-06 View latest technical analysis

10 day averaged volume of Zomato is 54946616

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	254.94	243.30	256.14	243.30	1.123 times
05 Tue Nov 2024	241.87	244.00	246.35	239.45	0.766 times
04 Mon Nov 2024	245.08	242.93	246.99	240.00	0.895 times
01 Fri Nov 2024	248.99	244.40	250.00	244.15	0.237 times
31 Thu Oct 2024	241.75	248.00	248.80	240.40	0.669 times
30 Wed Oct 2024	246.85	249.15	250.50	245.05	0.881 times
29 Tue Oct 2024	252.25	254.95	255.90	248.45	0.55 times
28 Mon Oct 2024	253.95	252.00	259.25	247.10	0.747 times
25 Fri Oct 2024	253.80	256.00	257.95	246.50	1.216 times
24 Thu Oct 2024	254.30	267.20	268.40	252.55	1.098 times

My analysis of stock is bearish for shortterm, and stock might move down till 247.3 or till 232.4. Use a stoploss of 259.73 and if the stock hits stoploss, then it can shoot up till 272.14

Share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Target	194.56
Downside Target	228.00
Downside Target	239.45
Upside Target	255.25
Upside Target	259.25
Upside Target	261.60
Upside Target	270.90
Upside Target	280.90
Upside Target	285.25
Upside Target	290.00
Upside Target	298.25

Intraday share price targets for Zomato (ZOMATO)

Target Type	Value
Downside Intraday Target	244.21
Downside Intraday Target	233.49
Upside Intraday Target	260.9
Upside Intraday Target	266.87
Downside Intraday Target	250.18

Weekly technical analysis of Zomato (ZOMATO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	254.94	242.93	256.14	239.45	0.903 times
01 Fri Nov 2024	248.99	252.00	259.25	240.40	0.379 times
25 Fri Oct 2024	253.80	258.00	270.90	242.10	2.002 times
18 Fri Oct 2024	257.45	280.90	285.25	255.25	0.933 times
11 Fri Oct 2024	277.55	278.55	290.00	261.60	1.384 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Zomato (ZOMATO)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Nov 2024	254.94	244.40	256.14	239.45	0.139 times
31 Thu Oct 2024	241.75	272.55	290.00	240.40	0.904 times
30 Mon Sep 2024	273.30	252.00	298.25	240.40	0.749 times
30 Fri Aug 2024	250.53	231.00	280.90	228.00	2.007 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Zomato (ZOMATO)

Price action analysis of Zomato ( (ZOMATO) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Zomato ( (ZOMATO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Zomato ( (ZOMATO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Zomato stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Zomato in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Zomato Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Zomato in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Zomato is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 249.99 and Zomato (ZOMATO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Zomato (ZOMATO) stock. Volume based technical analysis of Zomato (ZOMATO) stock is negative.

Zomato Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.